Disclaimer

Disclaimer: This blog should be read as a 'whiteboard' of my daily thoughts and ramblings and specifically not, in any way, advice to trade. My interpretation of the works of Gann, Goodman, Fibonacci, Elliott, Hurst et al; is entirely my own and should be read as such. Any opinions, news, research, analyses, prices, or other information contained in this report are provided as general market commentary, and does not constitute investment advice. I will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

Monday, 14 January 2013

EURUSD: 2.26pm

Struggling with count on short term chart so scrubbed. Intraday My-Wave now turned over but not very willingly so far! Need 30min SMI to be a overbought, not rammed below - see next chart. If price can make it up to median or above in the bolly band and the SMI goes 3 waves up, WHILST My-Wave stays downward facing, then a great sell would be on for me again. With price above the daily pivot, always cautious of selling more.
I have just joined the pivots together: expanding diagonal in first wave down, making out 4 up inside at the moment? Dont know - want to see price at D1 at least, so how we get there will be fine in any formation!
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